Welcome to our dedicated page for Thunder Mountain news (Ticker: THMG), a resource for investors and traders seeking the latest updates and insights on Thunder Mountain stock.
Thunder Mountain Gold Inc. (THMG) is a junior exploration company focused on base and precious metals projects in the western United States, with a primary emphasis on its South Mountain Mine in Owyhee County, Idaho, and its 100%-owned Trout Creek gold exploration project in Nevada. The company’s news flow centers on technical progress at these projects, financing activities, and corporate developments that shape its exploration and development plans.
On this page, readers can find news about Thunder Mountain Gold’s exploration programs at the South Mountain Project, including geological mapping, sampling, and advanced geophysical work such as induced polarization, draped magnetic surveys, and Magnetotelluric (MT) surveys. Company releases describe efforts to refine the understanding of high-grade Carbonate Replacement Deposits (CRD) and skarn mineralization, investigate deeper porphyry copper-molybdenum targets, and prepare for drilling campaigns supported by 3D modeling.
Investors can also follow updates on Thunder Mountain Gold’s financing transactions, such as non-brokered private placements of units with common shares and warrants, with proceeds directed toward exploration at South Mountain and Trout Creek and general working capital. Regulatory and corporate news includes definitive proxy statements related to annual shareholder meetings, director elections, and auditor ratification, as well as announcements about board appointments and governance changes.
Another recurring theme in Thunder Mountain Gold’s news is its agreements and partnerships around South Mountain, including a small-scale production agreement with MFD Investment Holdings SA and an options review phase with Ocean Partners USA, Inc. to evaluate potential near-term production pathways. By reviewing the news feed, readers can track how these technical, financial, and strategic developments evolve over time and how they relate to the company’s core assets.
Thunder Mountain Gold (OTCQB: THMG) has announced key executive appointments to strengthen its leadership team. Ron Espell has been appointed as Chief Operating Officer, bringing over 30 years of experience in environmental management, permitting, and mine development from companies including Barrick Gold, McEwen Mining, and Nevada Vanadium.
Rocky Chase joins as Vice President of Operations with 38 years of experience in mine development and operations. Chase previously served as Project Manager at South Mountain Mines, where he led underground core drilling and exploration efforts.
These appointments are aimed at advancing the company's South Mountain Project and other strategic initiatives. E. James Collord will remain on the Board while managing land issues and exploration efforts.
Thunder Mountain Gold (OTCQB: THMG) has announced the restart of technical work at its flagship South Mountain Mine in Owyhee County, Idaho. The company is focusing on updating its Mineral Resource Estimate (MRE) and advancing toward a Preliminary Economic Assessment (PEA).
The updated MRE will incorporate recent exploration results to better define the high-grade polymetallic mineralization of zinc, silver, gold, lead, and copper. The company is also conducting technical studies, including metallurgical testing and site optimization. Additionally, THMG plans expansive geophysical and geochemical work to follow up on previously identified copper porphyry targets in collaboration with Durango Geophysical Operations.
A strategic partnership with Swiss-based MFD Investment Holdings SA has provided $1,000,000 in project-related expenditures and technical support for development.
Thunder Mountain Gold (OTCQB: THMG) has successfully completed a non-brokered private placement, raising US$620,000 (CAD$868,000) through the sale of 12,400,000 units at US$0.05 each. Each unit includes one common share and one warrant, exercisable at US$0.10 for three years. The funding will be used to advance exploration at the South Mountain Project in Idaho and Trout Creek Project in Nevada, along with general working capital. No placement or brokerage fees were incurred.
The securities are subject to a six-month hold period under U.S. Securities Act and a four-month hold period under Canadian securities laws. The Company's primary asset is the South Mountain Mine, a historic former Anaconda Mining development of zinc, silver, gold, lead, and copper in Owyhee County, Idaho.
Thunder Mountain Gold (OTCQB: THMG) announces a non-brokered private placement of up to 13.4 million units at US$0.05 per unit, aiming to raise up to US$670,000. Each unit includes one common share and one warrant, exercisable at US$0.10 for 36 months. The proceeds will fund exploration and working capital. The placement is subject to TSX Venture Exchange approval and will be offered to accredited investors only. The company's main asset is the South Mountain Mine in Idaho, a historic polymetallic mine containing zinc, silver, gold, copper, and lead deposits.
Thunder Mountain Gold (OTCQB: THMG) (TSXV: THM) reports on newly acquired historical IP and airborne geophysical data at the South Mountain Project in Idaho. The data supports a conceptual model suggesting a copper-molybdenum porphyry system beneath or adjacent to high-grade zinc, silver, copper, and gold mineralization. Highlights include:
1. District-scale aeromagnetic and deep-penetrating IP survey data from the 1970s
2. Geochemical survey data from 2,300 rock chip and 850 soil samples
3. High copper geochemical assays exceeding 1,000 ppm
4. IP anomalies trending deep beneath known mineralization
5. Historical drill data showing a 500-foot thick interval exceeding 100 ppm molybdenum
The company plans further exploration, including extending IP lines and adding Magnetotelluric coverage to investigate deeper into the system.
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Thunder Mountain Gold, Inc. (OTCQB:THMG) announces an extension of its option agreement with BeMetals Corp. for a 100% interest in the South Mountain Project in Idaho. The project is known for high-grade zinc and silver with historical production showing impressive grades: 14.5% Zn and 363.42 g/t Ag. BeMetals plans further deep core drilling to explore the mineralization potential at depth. The project benefits from established local relationships and streamlined permitting, supporting future development. Thunder Mountain has invested approximately $12 million into South Mountain since 2007.
Thunder Mountain Gold, Inc. (OTCQB: THMG) has released an updated Mineral Resource Estimate (MRE) for the South Mountain Project, showing a significant increase in resources. The MRE, effective April 20, 2021, reveals Measured & Indicated resources of 206,900 tons with a 21.8% increase in tonnage from 2019, and Inferred resources of 833,700 tons, marking a 129.5% rise. This update incorporates results from BeMetals Corp.'s drilling campaigns, maintaining high-grade mineralization. The company plans to conduct an economic analysis in the coming months.
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